AA Financial Advisors LLC Raises Holdings in CommScope Holding Company, Inc. $COMM

Key Points

• AA Financial Advisors LLC increased its stake in CommScope by 30.1% in Q2, acquiring an additional 163,391 shares to total 707,051 shares, representing 1.3% of its investment portfolio.
• CommScope's recent earnings report revealed $0.44 earnings per share, surpassing estimates, and marked a 31.7% increase in revenue year-over-year.
• Several brokerages have upgraded CommScope's ratings, with price targets now ranging from $17.00 to $20.00, reflecting growing confidence in the company's performance.

AA Financial Advisors LLC increased its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 30.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 707,051 shares of the communications equipment provider's stock after buying an additional 163,391 shares during the quarter. CommScope comprises 1.3% of AA Financial Advisors LLC's holdings, making the stock its 28th largest position. AA Financial Advisors LLC owned 0.33% of CommScope worth $5,854,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in CommScope during the first quarter worth approximately $34,000. Caliber Wealth Management LLC KS purchased a new position in CommScope during the first quarter worth approximately $57,000. KBC Group NV purchased a new position in CommScope during the first quarter worth approximately $65,000. GAMMA Investing LLC lifted its position in CommScope by 717.7% during the first quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider's stock worth $85,000 after buying an additional 14,066 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in CommScope in the first quarter valued at $86,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Trading Down 1.1%

Shares of NASDAQ COMM traded down $0.19 during trading hours on Tuesday, reaching $16.81. The stock had a trading volume of 1,631,131 shares, compared to its average volume of 6,048,660. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.57 and a beta of 2.46. CommScope Holding Company, Inc. has a fifty-two week low of $2.94 and a fifty-two week high of $17.13. The firm has a 50-day moving average of $13.61 and a 200-day moving average of $8.34.

CommScope (NASDAQ:COMM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.27 billion. CommScope had a negative return on equity of 6.29% and a net margin of 16.61%.The firm's revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. On average, equities analysts predict that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

Analysts Set New Price Targets

COMM has been the topic of a number of research analyst reports. Raymond James Financial upgraded CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 target price on the stock in a research report on Tuesday, August 5th. Citigroup upgraded CommScope to an "outperform" rating in a research report on Monday, August 4th. Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Wall Street Zen downgraded CommScope from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Wolfe Research initiated coverage on CommScope in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, CommScope currently has an average rating of "Moderate Buy" and a consensus target price of $14.75.

CommScope Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.